Pasofino Gold Limited Stock Price, News & Analysis

Pasofino Gold (OTCQB: EFRGF) highlighted progress at its 100%-owned Dugbe Gold Project in Liberia on November 24, 2025. Management cited an updated feasibility study, a recent C$12 million financing, and a project inventory of 3.9 million ounces of gold as drivers of renewed momentum. The company also noted strong local support and framed Liberia as a stable jurisdiction amid a global gold bull market.

Pasofino Gold (OTCQB: EFRGF) announced that shareholders approved all proposals at the annual general and special meeting held on October 28, 2025 in Toronto.

Approved matters: re-appointment of McGovern Hurley LLP as auditors with directors authorized to fix remuneration; the board size fixed at six directors; election of Oumar Toguyeni, Geoffrey Eyre, Krisztian Toth, Ahmet Emre Kayışoğlu, Arnaud Lelouvier, and Brett Richards; and re-approval of the Company's long-term incentive plan. Each of the four matters received >75% approval, with approximately 83 million shares voted. Further details are in the Management Information Circular dated September 24, 2025.

Pasofino Gold (OTCQB: EFRGF) announced its participation in the Centurion One Capital 2nd Annual Bahamas Summit, taking place October 22-23, 2024, at the Rosewood Baha Mar Hotel in Nassau. CEO Brett Richards will present on October 28th at 10:00 AM EDT.

The company is currently updating its 2022 feasibility study for the 1,410 km² Dugbe gold project in Liberia. Key improvements include incorporating higher gold prices and increasing recovery rates from 83% to 90%. Recently, Pasofino completed a C$12.0 million non-brokered private placement and finished its Phase One Gap Analysis Update to the feasibility study.

Pasofino Gold (OTCQB: EFRGF) has provided an update on its exploration program at the Dugbe Gold Project in Liberia. The company is focusing on two promising new drill targets: Jadae East and DSZ, both located along the Dugbe Shear zone near the existing 3.3 Moz Mineral Resource at Tuzon and Dugbe F deposits.

At Jadae East, the team has identified 7 areas of extensive artisanal gold mining within a 3x3 km area. The DSZ target features a channel sample that returned 36 meters averaging 0.6 g/t Au in folded host rocks similar to Tuzon. The company plans to commence drilling in October 2025, targeting areas where deposits similar to Tuzon, which hosts an Indicated Mineral Resource of 2.4 Moz gold averaging 1.40 g/t Au, may be found.

Pasofino Gold (OTCQB: EFRGF) has announced the filing of its annual audited financial statements and management's discussion and analysis for the fiscal year ended April 30, 2025. The Annual Filings are now accessible through the company's profile on SEDARplus and Pasofino's corporate website.

Pasofino Gold (OTCQB: EFRGF) has completed Phase One gap analysis update to its 2022 feasibility study for the Dugbe Gold Project in Liberia. The analysis, conducted by MineScope Services, found no fatal flaws but identified several areas requiring additional work.

The company plans a comprehensive 12-month work program estimated to cost US$6.0-8.0 million, including a 16,000m drilling program, metallurgical testing, and infrastructure reviews. Additional costs include US$1.8 million in government fees for ESIA submission and mining license application.

Notably, Pasofino faces challenges with the Liberian government, owing US$3.5 million in overdue payments, which must be addressed by early September 2025 to avoid potential MDA cancellation.

Pasofino Gold (OTCQB: EFRGF) has engaged Independent Trading Group (ITG) to provide market making services for its common shares. The agreement, effective May 14, 2025, involves ITG maintaining market liquidity and improving trading quality of Pasofino shares across the TSXV and other venues.

Under the agreement terms, ITG will receive monthly compensation of C$5,000 plus taxes, with an initial one-month term that automatically renews. The Company has already paid ITG C$17,857.14 to date. The arrangement can be terminated by either party with 30 days' notice, and notably, ITG will not receive any shares, options, or other securities as compensation.

Pasofino Gold (TSXV: VEIN) announced its participation in a live virtual corporate update hosted by Red Cloud Financial Services on August 15th, 2025 at 3:00 PM ET. The presentation will include a Q&A session and will be available for replay on Red Cloud's website.

The company owns 100% of the Dugbe Gold Project in Liberia and plans to update its 2022 feasibility study in 2026. Pasofino aims to make a construction decision and secure project financing in H1 2026. The company's major shareholder, Mansa Resources Inc., along with its parent organizations, is committed to financing the project through to commercial production.

Pasofino Gold has engaged MineScope Services to update the feasibility study for its Dugbe Gold Project in Liberia. The update will be conducted in two phases, with the first phase focusing on gap analysis and trade-off studies of the July 2022 feasibility study. The project's key metrics from the 2022 study include a 5Mtpa throughput over 14 years, average annual production of 200koz for the first 5 years, startup capital cost of $435M, post-tax NPV of $524M at $1,700/oz gold, and AISC of $1,005/oz. The project boasts a mineral reserve estimate of 66Mt at 1.30 Au g/t for 2,760koz. The company aims to enhance the economic outputs while maintaining the same throughput rates, with CEO Brett Richards highlighting Liberia's geopolitical stability and the project's potential as a significant cash-flow generator given current gold prices.